Stock Trend Analysis Report
Prepared for you on Monday, March 18, 2019.
Oppenheimer Revenue Weighted ETF Trust ETF (BATS:REEM)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for REEM
The long term trend has been UP since Jan 31st, 2019 at 25.4800
The intermediate term trend has been UP since Jan 7th, 2019 at 23.8000
The short term trend has been UP since Mar 15th, 2019 at 25.4405
Smart Scan Analysis for REEM
Based on a pre-defined weighted trend formula for chart analysis, REEM scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||30.649||Year High Date||2018-01-26|
|Year Low||23.05||Year Low Date||2018-11-27|
|52wk High||29.27||52wk High Date||2018-02-26|
|52wk Low||23.05||52wk Low Date||2018-11-27|